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MIL OSI Translation. Region: Germany / Deutschland –

Source: CDU CSU

09/30/2020

Labor market is stabilizing despite increasing numbers of infections

The labor market and social policy spokesman for the CDU / CSU parliamentary group, Peter Weiß, explains the current developments in the labor market:

Despite the increasing number of infections, the labor market is pleasantly stable. The decline in short-time work shows that our economy is on the up again. Short-time working benefits were paid for 4.24 million people in July. According to the Federal Employment Agency, there were 4.6 million short-time workers in the previous month.

We also recorded a small decrease in the development of the unemployment figures. Unemployment fell to 2,847 million in September. That is a decrease of 108,000 compared to the previous month. Seasonally adjusted, there were 8,000 fewer unemployed. I hope that this development will continue – despite the increasing number of corona infections.

Nevertheless, we must not be fooled by these positive developments: structural change is still ahead of us. The current figures make it clear that short-time work is becoming more permanent, especially in the metal industry, and that we are dealing with structural problems here.

Against this background, it was right that the coalition committee decided on August 25th to combine the full assumption of social security contributions for short-time work benefits from July 1st, 2021 with further training measures. We will continue to control this change process and adjust it at short notice – if necessary.

So that the Federal Employment Agency remains able to act, we secure its budget with federal subsidies so that the labor market policy instruments can be set up comprehensively. “

MIL OSI

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI